InMobi, the mobile advertising platform that became India’s first unicorn, has appointed banks to manage an IPO expected to raise around $1 billion. The listing would value the company somewhere between $4 billion and $6 billion.
The company has been in advanced discussions with as many as eight investment banks to facilitate the offering, which is expected to land between mid-2025 and early 2026 depending on market conditions.
What InMobi is doing to get IPO-ready
InMobi is undergoing a full redomiciliation from Singapore to India, a structural move that positions it to list on Indian exchanges rather than abroad.
The founders have also recently bought back stakes from SoftBank, consolidating majority ownership ahead of the public offering.
